Author Question: Which of the following is not an example of money used as a unit of account? a. A British pound is ... (Read 62 times)

torybrooks · **on:** Jun 30, 2018

Which of the following is not an example of money used as a unit of account?
a. A British pound is worth 3.00.
b. Auto repairs were 3,000 last year.
c. Business travel totaled 12,000 miles.
d. Gasoline sells for 1.20 per gallon and oil is 5.00 per quart.

Question 2

An increase in the price level in Japan relative to the price level in the United States will shift the demand curve for dollars leftward and the dollar depreciates or becomes weaker.
a. True
b. False
Indicate whether the statement is true or false